US wholesale inventories revised up in boost to second-quarter GDP
WASHINGTON (Reuters) -U.S. wholesale inventories were unchanged in May after declining for two straight months, suggesting inventory investment could support…
US
Rash of shark attacks reported in New York over July 4 weekend
(This July 5 story has been corrected to fix the director’s name in paragraph 3) By Rachel Nostrant NEW YORK…
US House oversight panel asks Fed’s Powell for SVB documents
(Reuters) – The Republican-led U.S. House of Representatives Oversight Committee on Monday asked Federal Reserve Chair Jerome Powell to hand…
Modelo Especial tops Bud Light as most-sold US beer for second consecutive month
By Ananya Mariam Rajesh (Reuters) -Constellation Brands’ Modelo Especial was the top-selling beer brand in the United States for a…
SVB Financial sues FDIC to recover $1.93 billion seized in bank rescue
(Reuters) -Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that…
GM cuts Lyriq EV price in China by 14% as market pressures intensify
SHANGHAI (Reuters) – General Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost…
NY Fed survey finds waning near-term inflation expectations
By Michael S. Derby (Reuters) – Americans said in June they were expecting the weakest near-term inflation gains in just…
Iran accuses U.S. Navy of defending fuel smuggling in Gulf incident
DUBAI (Reuters) – An Iranian Revolutionary Guards Commander accused the U.S. Navy on Monday of defending fuel smuggling in the…
Citigroup downgrades US stocks amid recession risks, upgrades Europe
(Reuters) -Citigroup on Monday downgraded U.S. stocks in anticipation of a pullback in growth stocks and a recession in the…
Hunger haunts Ethiopia’s Tigray region after years of war
By Dawit Endeshaw MEKELLE, Ethiopia (Reuters) – Curled up on a hospital bed in Ethiopia’s northern Tigray region, an emaciated…